Using the average cost per square foot of the original floor plans, which of the following should be the price of the Rose unit?

A development company is constructing a new unit in its apartment complex.

The complex has the following floor plans:

Using the average cost per square foot of the original floor plans, which of the following should be the price of the Rose unit?
A . $640,900
B . $690,000
C . $705,200
D . $702,500

View Answer

Answer: C

Explanation:

This is because the price of the Rose unit can be estimated using the average cost per square foot of the original floor plans, which are Jasmine, Orchid, Azalea, and Tulip. To find the average cost per square foot of the original floor plans, we can use the following formula:

Plugging in the values from the original floor plans, we get:

To find the price of the Rose unit, we can use the following formula:

Plugging in the values from the Rose unit, we get:

Therefore, the price of the Rose unit should be $705,200, using the average cost per square foot of the original floor plans.